Iran faces ‘greatest financial offensive ever’, says US Treasury Secretary Scott Bessent

Iran faces ‘greatest financial offensive ever’, says US Treasury Secretary Scott Bessent

The US announced a host of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said was “the single greatest financial offensive ever”. Labelling it an “economic D-Day” for Iran, Bessent said the US would sever all economic ties with the country and added that any nation financially partnering with Iran…

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Watch Live: Bessent speaks as Trump administration expected to unveil new Iran sanctions

Watch Live: Bessent speaks as Trump administration expected to unveil new Iran sanctions

Washington — Treasury Secretary Scott Bessent is holding a press conference Monday at the Treasury Department announcing Operation Economic Outcast, the Trump administration’s ramped up push to use economic tools to reopen the Strait of Hormuz and end the war with Iran.  “Today, at President Trump’s direction, the United States Treasury has begun Operation Economic…

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